West End Gas Stations

Bordering Boston areas like the Charles River, Beacon Hill, and Cambridge Street, the small neighborhood of West End is expected to experience significant growth alongside the city in which it's situated. While the neighborhood may have a smallish population of about 4,000 people, it still experiences a sizeable number of motorists that enter the area from throughout the commonwealth. As a result of this, the gas station is definitely a worthy investment for an investor looking to capitalize in this particular area of the city.

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Purchasing and Leasing Gas Stations

Considering purchasing a service station in this relatively small neighborhood of Boston? Fortunately, there are several opportunities throughout the area to consider. If you're looking to acquire a business of this type, you'll have the option to:

Purchase the Service Station – It's important to note that a purchase will require excellent credit and a considerable amount of capital to cover the down payment on the property, but if you have this, you can definitely capitalize.

Ownership, as they say, has its privileges, and when you own your station, you'll be able to make all of the crucial decisions. Also, these properties in Boston have a tendency to appreciate rapidly, so if you opt to sell after you've reached capitalization, you should definitely turn a sizeable profit. As a result, these properties are a great way to bankroll an early retirement; you can sell them for a profit or just lease them for a steady monthly cash flow.

Lease the Service Station from an Owner – One of the downsides of purchasing a property is the major amount of commitment and patience it requires. With a lease, you can make a profit sooner without having to pay a mortgage or taxes. In fact, this type of acquisition option doesn't lock you in like an outright sale; if it's not working out, you can just wait out the term of your lease and move onto the next investment.

Additionally, a lease doesn't require as stringent a financial investment; since you're not mortgaging the property from a leading institution, you won't need as much money to get the ball rolling. Also, you can opt to go with a corporate gas brand, which means that you'll be supported by the corporate structure, your promotions will be determined by the company, and you won't have to make decisions about which suppliers you'll end up using for your gas.

Buying a Service Station with a Convenience Store

One of the most important things to note about a service station is that selling gas alone is not going to be the most profitable option for an investor, which is why many owners decide to add to the services that they offer. This can be a repair shop or a car wash, but the most profitable option for many investors tends to be a convenience store. When you have a store, you can bring in customers that stop for gas as well as those who are passing by on foot. Once a customer steps foot inside of the store, the chances of an additional sale increase quite a bit, which will only add to your profits.

Reasons to Consider this Area for Your Investment

This is a very small neighborhood, but there is quite a bit of traffic that travels through this area, so with the right location, an investment in a service station can be a great option. For a full listing of available properties in the area contact Boston City Properties today at 617-247-1933. We have quite a bit of experience with investment properties, so we will be able to help you find an ideal investment in no time.

Are you looking to lease or buy a gas station in Boston’s West End? Fuel stations in this part of the city tend to do brisk business, so it’s easy to understand why so many investors and business owners seek them out. You face a lot of competition when it comes to acquiring one of these properties, so do yourself a favor and sign up with Boston City Properties. You’ll get instant access to our huge online database of constantly updated MA commercial property listings, so you can quickly check current availability for properties like these. We also have skilled commercial real estate professionals in this neighborhood, and we’ll refer you to one whenever you are ready to proceed.

About the Neighborhood

During the 1950s, an ill-advised urban revitalization project virtually destroyed this neighborhood. Happily, however, it has undergone a major revival over the last several years. These days, many new residential developments are being built, including many luxury high rises. Commercial activity is on the rise too, so now is a great time to become the owner of a local fuel station here.

What to Look For

While fuel stations in this neighborhood tend to do well, it is crucial to know how to identify truly profitable opportunities. Your commercial property agent can help a lot in that regard. For now, though, here are a few things to look for when seeking fuel stations in this neighborhood:

• Appearance – It pays to invest in a station that is already in good aesthetic shape. Such properties are far more likely to attract regular customers, and that is the key to establishing long-term success. The convenience store area should be clean and brightly lit, and outdoor signage should be legible and welcoming.
• Location – Seek out fuel stations in this area that are located along busy roads that are popular with commuters. Stations that are located on major intersections tend to do well no matter what, and properties that are close to freeway exits present great opportunities as well. Before buying or leasing, check out local competition to know what you’ll be up against.
• Size – Buy a fuel station with as much retail square footage as you can afford. There should be plenty of fuel pumps too, but the attached market is where you stand to turn the best profits. The more space that you have to work with, the more that you’ll be able to offer to customers.

Considerations to Make

Finding a suitable fuel station is just the first step. Before committing to anything, many considerations must be made. These include:

• What’s included? – Talk to your agent to weigh the pros and cons of owning just the building or the land too. If you have the opportunity to buy or lease a station that includes extras like a coffee shop or car wash, definitely consider it. Have the property thoroughly inspected to ensure that everything, including all equipment, is in good shape.
• Financial records – Outward appearances can be deceiving, so don’t assume that a station that looks busy will generate good profits. Ask the current owner to provide at least two years of financial records, and hire an accountant or CPA to analyze them. They should then be able to tell you whether the property looks like a sound investment or not.
• Lease and financing options – Don’t wait until you’ve found a promising property to figure out how you’ll pay for it. If buying, check into loans from the Small Business Administration, and obtain a preapproval to show sellers that you are serious. Leasing can be tricky because some properties come with leases in place. These are typically described in listings, so read them with care. Try to find properties with owners that are willing to negotiate lease terms.
• Environmental issues – If you won’t own the land on which the fuel station is located, you shouldn’t have to worry about this point. If you will own the land, though, pay to have an environmental survey performed on it first. It’s worth the money because if there are any underlying issues and you take ownership, you may be subject to massive fines and penalties for violating local, state or federal regulations.

How Boston City Properties Can Help

Boston City Properties is here to help you find the perfect West End gas station to buy or lease. On this page, complete the easy form to sign up for instant, free, unlimited access to our continually updated Massachusetts commercial property listings. You can then quickly check availability for fuel stations that are for sale or lease in this part of the city. When you’re ready, contact us for a referral to a commercial real estate expert in this neighborhood. For more info, call us today.

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gas stations